London Stock Exchange lures more Nigerian firms

Webster-Smith, who spoke exclusively with BusinessDay, noted that the LSE currently hosts a lot of Africa-focused companies, including three Nigerian related companies such as Guaranty Trust Bank plc, Diamond Bank plc, and Afren.


Rabobank eyes possible sale of fund management arm

A spokesman for the cooperatively-owned bank said on Friday it was reviewing "strategic options" for fund management arm Robeco, confirming a Dutch media report, but declining to comment on any of the details.


Dexia private equity bids are in

First-round offers were due by Tuesday, one source said, although none were in a position to comment on a report that the auction for the asset management arm of Franco-Belgian bank Dexia SA could fetch as much as €750 million ($992 million).


Jupiter launches strategic reserve fund

The multi-asset fund is an onshore version of its Jupiter strategic total return Sicav and has an emphasis on capital growth and low volatility.


LCH.Clearnet buys U.S. rival

LCH announced Tuesday, April 24, that it will buy Nasdaq OMX Group Inc.'s majority stake in IDCG and in return give Nasdaq a stake in LCH. As of November 2010, that stake was roughly 80% of IDCG


Barings to close North America fund

The vehicle has delivered a return of 13.4 per cent over the past five years compared with the Russell 1000 Growth index’s 52.9 per cent gain, according to Morningstar.